Carnet - What happens when it all goes wrong
Im about to get my carnet sorted and have available to me either paying the insurance premium or putting the money in the bank as a guarantee. My question therefore is what happens in the worse case scenario if the bike is stolen.
I gather you have to prove it was stolen, if succesfull you lose the bike but at least dont get hammered for the customs duties and in turn lose the carnet money.
1: If i use the bank guarantee, i assume i just lose the money, is this correct?
2: If i use the insurance premium, i assume that i lose the full premium paid, is this correct?
All advice greatly appreciated, im in the UK by the way.
cheers
paul
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